Only watched the first 2 and a half minutes of this.
Basically, they moving their headquarters because California had to much red tape and regulation and they want to move to one of the Deep South red states that has much less of it.
Although, I didn’t hear it mentioned, I am also going to assume operating costs in somewhere like Tennessee where it’s relatively cheap to live and do business are also going to be significantly lower than they are in California as well.
You’ve already started to see some of this with a large number of California natives moving to cities like Austin, TX. I expect to see more of it in the coming years.